₹1319 • HDFC Bank

S1

S2

R1

R2

COMMENT

1290

1280

1330

1350

Stock approaching resistance at 1330. Hence, short at that level and keep stop-loss at 1350.

₹1441 • Infosys

S1

S2

R1

R2

COMMENT

1420

1375

1450

1485

Eextension of decline is highly likely. Short now and on rally to 1460 with stop-loss at 1490.

₹271 • ITC

S1

S2

R1

R2

COMMENT

270

265

280

285

Despite correction, the trend is bullish. Go long with stop-loss at 265 if only it bounces off 270.

₹151 • ONGC

S1

S2

R1

R2

COMMENT

145

140

152

160

Breaches the key support at 152. Go short on the stock with stop-loss at 155.

₹2616 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2550

2480

2650

2685

Consider initiating fresh short positions if it reverses lower from 2650. Stop-loss at 2700.

₹462 • SBI

S1

S2

R1

R2

COMMENT

445

435

470

480

Scrip likely to resume the downtrend. Short the stock with stop-loss at 475.

₹3288 • TCS

S1

S2

R1

R2

COMMENT

3270

3175

3360

3440

Wait for a rise and go short with a stop-loss at 3400 if the stock reverses lower from 3360.

16123 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

16000

15740

16400

16500

Initiate fresh short positions at current level and on a rally to 16300. Stop-loss at 16400.

S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.